Get Approved at The Lowest Rate
Navigating the process of buying a new home in Morgan, TX while selling your current one can be challenging. Horizon Lending Services' Bridge Loan program provides an ideal solution for a smooth transition, especially in today's competitive market where contingency offers are frequently not accepted.
Start by listing your current home for sale in Morgan, TX or getting it ready for the market.
Identify the new home you want to buy in Morgan, TX, make an offer, and reach an agreement with the seller. You can then proceed with the purchase using our bridge loan.
Our bridge loan program in Morgan, TX often does not require a down payment, freeing you from the need to come up with additional funds.
After your current home sells, we use the profits in Morgan, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Morgan, TX. You can choose to roll in all closing costs during this process, potentially requiring no money at the closing table.
Many of our bridge loans in Morgan, TX do not require a down payment, making it easier for you to transition to your new home.
You don’t need to qualify for both mortgage payments simultaneously.
Bridge loan payments in Morgan, TX may be deferred, meaning no payments are due while you are using the bridge loan.
You can pay off the bridge loan early without any penalties.
Our bridge loan in Morgan, TX provides the financial flexibility and convenience you need to buy a new home without waiting for your current home to sell, avoiding the hassle of managing two mortgages or making contingent offers. We handle the details, ensuring a seamless transition from your bridge loan in Morgan, TX to permanent mortgage financing, making the process as smooth as possible for you.
Ready to make your move? Contact us today to get started!
Bridge loans in Morgan, Texas offer numerous benefits to homeowners and investors. One key advantage is the ability to secure financing quickly, allowing for timely property purchases or renovations. These loans bridge the gap between the purchase of a new property and the sale of an existing one, providing flexibility and financial support during the transition period. Morgan, Texas, a small town with a population of approximately 500 residents, is known for its friendly community atmosphere and close-knit neighborhoods. The town's demographics include a mix of families, retirees, and young professionals, creating a diverse and welcoming environment for new residents. The housing market in Morgan, Texas, offers a range of opportunities for buyers and investors. With a median home price below the national average, the town provides affordable real estate options for those looking to purchase property or invest in the market. The availability of bridge loans further enhances accessibility to the housing market, opening up possibilities for individuals seeking temporary financial assistance. While Morgan, Texas may be small in size, it boasts several main attractions that draw visitors and residents alike. From picturesque parks and outdoor recreational areas to local shops and restaurants offering unique goods and services, the town provides a charming and vibrant setting for individuals looking to experience small-town living at its best.
Benefits of Bridge Loans in Morgan, Texas
